Regeneron Pharmaceuticals (Ondo Tokenized) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 5171.0× the size of Regeneron Pharmaceuticals (Ondo Tokenized) (REGNON) by market capitalisation. Their daily returns move barely together (correlation 0.15 across 35 shared trading days). CRCLON has been the more volatile of the two, at 97% annualised against REGNON's 36%.

Correlation: 0.15
Size ratio: 1 : 5171.0

Regeneron Pharmaceuticals (Ondo Tokenized)REGNON

$926.2100

24h: -4.47%
Market cap: $15,210
Volume 24h: $150,485
Volatility (ann.): 36%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$66.7400

24h: -12.80%
Market cap: $78.65M
Volume 24h: $1.20M
Volatility (ann.): 97%

REGNON 0.0%Share of the two combined market caps100.0% CRCLON

Performance

REGNONCRCLON

7 days+1.07%-5.63%REGNON
30 days+1.05%-15.88%REGNON
90 days+28.13%——

Correlation

0.15over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0690d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	REGNON	CRCLON
Max drawdown (400d)	-22.7%	-30.7%
Risk-adjusted return (90d)	0.84	0.06

Relative strength over 90 days: CRCLON outperformed REGNON by 17.4% — measured on the REGNON/CRCLON ratio, so it holds regardless of market direction.

Regeneron Pharmaceuticals (Ondo Tokenized) →Circle Internet Group (Ondo Tokenized Stock) →